Act Number: 9

Act Name: The Indian Partnership Act, 1932

Year: 1932

Enactment Date: 1932-04-08

Long Title: An Act to define and amend the Law Relating to Partnership.

Ministry: Ministry of Corporate Affairs

Department:

Section 42: Dissolution on the happening of certain contingencies.
    Subject to contract between the partners a firm is dissolved--
         (a) if constituted for a fixed term, by the expiry of that term;
         (b) if constituted to carry out one or more adventures or undertakings, by the completion thereof;
         (c) by the death of a partner; and
         (d) by the adjudication of a partner as an insolvent.
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